According to on-chain data provider Nansen, the indebted FTX has finally reopened withdrawals for its clients. According to the data, one user was able to withdraw $2.6 million worth of ETH, while another was able to withdraw $1.3 million worth of USDC from the exchange.
Strangely, the data also shows that a user deposited $21,000 on the exchange to try to arbitrage odd prices on FTX and withdraw to some other niche asset.
Hearing rumors FTX reopened withdrawals and it seems to be true: one address got just over $2 million
Follow him here: https://t.co/YnE8gJPyvo pic.twitter.com/lp1Arag5vk
— Andrew T (@Blockanalia) November 10, 2022
FTX stopped withdrawals earlier this week due to liquidity issues with its sister company Alameda Research. Rival exchange Binance stepped in and signed a non-binding letter of intent to buy FTX only to pull out of the transaction 24 hours later.
FTX CEO Sam Bankman-Fried said in a tweet on Thursday:
“We spent the week doing everything possible to increase liquidity”